Ad-hoc reports

According to Article 17 of the Regulation (EU) No 596/2014 (Market Abuse Regulation - MAR) domestic issuers of financial instruments are obliged to immediately publish insider information that concerns them directly.

The purpose of the ad-hoc disclosure requirement is to ensure full and proper market transparency, which is a prerequisite for trading for all economic actors in integrated financial markets and which is essential to avoid insider dealing and ensure that investors are not misled.

The regulation has been in force since 3 July 2016. Older notifications are based on § 15 WpHG (German Securities Trading Act) that applied before.

Changes to the Management Board and the Supervisory Board of Deutsche Wohnen AG

Deutsche Wohnen AG / Change of Personnel

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

Effective from 01 August 2007, the Supervisory Board of Deutsche Wohnen AG
has appointed Mr. Helmut Ullrich as new Chief Financial Officer. Before
joining the company’s Management Board, Mr. Ullrich served as managing
director of RREEF Management GmbH (formerly DB Real Estate Management GmbH)
and RREEF Investment GmbH (formerly DB Real Estate Investment GmbH), where
he was also responsible for finances. Upon his appointment as member of the
Management Board, Mr. Ullrich resigns as Chairman of the Supervisory Board
of Deutsche Wohnen AG.

In addition, the Supervisory Board of Deutsche Wohnen AG has declared its
intention to appoint Mr. Michael Zahn as member of the Management Board,
responsible for business operations. Currently, Mr. Zahn is the sole
managing director of GEHAG GmbH, Berlin, the company in which Deutsche
Wohnen AG recently indirectly acquired an interest of approximately 85%. A
formal appointment is to take place after the merger with GEHAG group has
been executed, which is still subject to certain conditions.
Dr. Michael Gellen has resigned as member of the company’s Management
Board, effective at the end of 31 July 2007. Following a vacancy that had
arisen at short notice, Dr. Gellen had been appointed as member of the
company’s Management Board in April this year, a step that all parties
concerned had intended from the start as an interim measure pending the
restructuring of the Management Board, which has now been completed.

Hubert Bonn
Head of Investor & Public Relations
Deutsche Wohnen AG

Phone: +49 (0)173 9699 262
email: hubert.bonn@t-online.de

Change of offices: New contact details effective from 23 July 2007 - see
IR-Contact at http://www.deutsche-wohnen.de